Nyrada Inc Annual Report 2020

NYRADA INC (ASX:NYR) 28 Consolidated Statement of Cash Flows For the year ended 30 June 2020 Consolidated 2020 2019 Notes $ $ Cash flows from operating activities Payments to suppliers (inclusive of GST) (4,460,623) (2,511,056) Interest received - 19,359 R&D Grant Received - 486,338 Cash receipts from other operating activities 50,000 - Net cash used in operating activities 21 (4,410,623) (2,005,359) Cash flows from investing activities Payments for property, plant and equipment (2,999) (411) Net cash used in investing activities (2,999) (411) Cash flows from financing activities Proceeds from related party loans 1,204,378 - Proceeds from issue of Common Stock 8,700,000 - Payments to convertible note holders (515,000) - Transactions costs relating to issue of Common Stock (905,296) - Transactions costs relating to issue of convertible notes - - Net cash provided by financing activities 8,484,082 - Net (decrease)/increase in cash and cash equivalents 4,070,460 (2,005,800) Cash and cash equivalents at the beginning of the year 1,102,397 3,108,197 Effects of exchange rate changes on cash and cash equivalents (26,688) - Cash and cash equivalents at the end of the financial year 21 5,146,169 1,102,397 The above statement of cash flows should be read in conjunction with the accompanying notes